DBL bottom on ETHUSD signals retrace

Following double bottom pattern formation the price is generally believed to rise at least to its target level, calculated as follows:

• T = R + H,
  

Where:
T = TP (target level);

R – resistance level (recent local high);

H — higher high (fluctuates based on basic indicators)

S – stop-limit (distance between current price and prior resistance levels).

• 
  T = $187.70
  S = $176.58
  R = $184.86
  H = Blue horizontal
  

Disclaimer
NOT financial advise. Just magic from your local sorcery. Trade responsibly!

-@a1mTarabichi